#Germany #London #digital identity #Keyless #IDnow

IDnow and Keyless Forge Strategic Partnership

In a groundbreaking move towards enhancing digital identity security, IDnow and Keyless have announced a strategic partnership aimed at establishing 'Continuous Trust' across the identity lifecycle. This collaboration is designed to combat the ever-increasing threats in digital interactions, especially in an age plagued by sophisticated fraud and identity theft.

The Essence of Continuous Trust

The partnership combines IDnow's comprehensive identity verification solutions with Keyless' innovative biometric multi-factor authentication technology. Together, they facilitate a seamless onboarding process where customers can be enrolled through IDnow, and subsequently authenticated via Keyless’s biometric checks. The concept of 'Continuous Trust' signifies that user verification is not merely a one-time event based on static information but a dynamic process that adapts and responds to user behavior and risk levels.

In today's digital environment, where issues like deepfakes and AI-generated fraud are prevalent, the security of digital identities is more important than ever. Andreas Bodczek, CEO of IDnow, emphasizes this evolving landscape, stating, "Trust is no longer a one-time checkpoint but a continuous process." This shift in focus reflects a broader trend towards adaptive security measures that evolve as threats do.

Enhanced Security Measures

The key feature of their collaboration stands in their dual approach to authentication. In high-stakes situations, such as account recovery or changes to personal information, Keyless uses biometric data captured during the initial enrollment phase by IDnow to verify the user's identity. This ensures that even during sensitive transactions, the user’s identity is continuously validated, thereby significantly reducing the risk of account takeovers and fraudulent activities.

Innovation Through Efficient Design

Keyless’s biometric authentication is impressively quick, delivering results in under 300 milliseconds. It determines not just the facial recognition of the user but also verifies that the device being used for authentication is the same one utilized during the initial enrollment. This method, coupled with a unique cryptographic approach that avoids storing biometric data, underscores the commitment both companies have to user privacy and data protection.

The COO of Keyless, Fabian Eberle, highlights a game-changing aspect of this partnership. Previously, users needed to enroll separately for both ID verification (IDV) and with Keyless. However, now users can be silently enrolled into Keyless during the IDnow verification process, greatly improving the user experience by removing unnecessary friction.

Impact Across Various Industries

The implications of this partnership are especially significant for sectors necessitating stringent security and compliance measures, such as banking, fintech, and healthcare. By interlocking their technologies, IDnow and Keyless provide a scalable framework of trust that not only responds to today's regulatory demands but is also flexible enough to adapt to the evolving landscape of digital identity challenges.

About IDnow and Keyless

IDnow is recognized as a top player in digital identity and fraud prevention across Europe. Its mission revolves around transforming trust into a critical asset for the digital realm by equipping enterprises with AI-driven identity solutions that ensure security, compliance, and fraud prevention in real-time. The company's extensive portfolio encompasses a variety of identity verification and fraud prevention services that help sustain trust throughout customer interactions. Its global reach extends across several European countries like Germany, the UK, and France.

On the other hand, Keyless specializes in privacy-preserving biometric authentication. This company is highly regarded among banks and fintech firms for its ability to minimize account takeovers and improve operational efficiencies. Keyless's remarkable Zero-Knowledge Biometrics™ technology manages to deliver multi-factor authentication effortlessly while ensuring no biometric data is stored, upholding the highest standards of security and user privacy as evidenced by its ISO accreditations.

The Future of Digital Identity Security

The partnership between IDnow and Keyless marks a pivotal advancement in the quest for secure digital identities. As the digital landscape continues to evolve, initiatives like this one are critical in maintaining user trust and safeguarding personal information in an increasingly interconnected world. With both companies at the forefront of innovation, the future of digital identity security looks promising, fostering an environment where trust is continuous and assured.